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In this video tutorial, Seth explains how to create a warranty deed and a quitclaim deed, highlighting that while the two types of deeds are very different, the information required is quite similar. He emphasizes that drafting a deed is straightforward and aims to guide viewers through the necessary steps. Seth will demonstrate using a couple of blank templates from his past experiences but notes that these templates may not be applicable in all 50 states due to varying laws and statutes that need to be considered when preparing deeds. Viewers should be cautious and ensure compliance with their specific state regulations.